The interest earned on FD is fully taxable, which is considered ‘income from other sources’. The amount of TDS collected on ...

In the Budget 2025, FM Nirmala Sitharaman announced a new TDS compliance threshold for individuals, senior citizens, and ...

Rs 1 lakh TDS threshold for senior citizens on fixed deposit interest reduces procedural hassles but doesn't exempt them from ...

Salaried taxpayers often face higher tax deductions at source (TDS) on their salaries despite having paid TDS or tax ...

With the RBI reducing the repo rate by 25 bps in the recent MPC meet, some banks may consider reducing their deposits rates, ...

From April 1, 2025, the tax deducted on senior citizens' fixed deposits will be lower. This is because the threshold for TDS ...

Interest earned on FDs is taxable, with tax deducted at source (TDS) if it crosses a specified limit. Budget 2025 raised the ...

The Budget 2025 has proposed raising the Tax Deduction at Source (TDS) limit on interest earned from bank fixed deposits (FDs) for general (non-senior) citizens. The current threshold of Rs 40,000 ...

Banks are expected to start lowering the rates on FDs in alignment with the decrease of the benchmark lending rate by the ...

F ixed deposits let you save your hard-earned money by locking in your funds for fixed tenures at predetermined return rates.